Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly EBT Margin came in at 21.92% in Q1 2026, up 314.0% year-on-year from 5.3% in Q1 2025, and up 38.74% quarter-over-quarter from 15.8% in Q4 2025.
Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed EBT Margin across 18 years of filings, most recently posting 21.92% for Q1 2026.
- EBT Margin for Q1 2026 came in at 21.92%, up 314.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.94% (up 533.0% YoY), and the FY2025 annual result was 24.38%, up 654.0% from the prior year.
- EBT Margin came in at 21.92% for Q1 2026 at Royal Caribbean Cruises, up from 15.8% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 28.35% in Q3 2025 to a low of 107.02% in Q1 2022.
- The 5-year median for EBT Margin is 12.09% (2023), against an average of 3.52%.
- Across the five-year window, EBT Margin surged 257625 bps in 2022 and tumbled 122 bps in 2024, its largest moves.
- Royal Caribbean Cruises' EBT Margin stood at 15.51% in 2022, then surged by 144 bps to 6.81% in 2023, then surged by 41 bps to 9.6% in 2024, then jumped by 65 bps to 15.8% in 2025, then jumped by 39 bps to 21.92% in 2026.
- The last three EBT Margin figures came in at 21.92% (Q1 2026), 15.8% (Q4 2025), and 28.35% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 25.29% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 10.49% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 21.92% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 4.54% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 0.73% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 4.62% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 1.31% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 11.24% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 17.22% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 12.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.92% |
| Dec 31, 2025 | 15.80% |
| Sep 30, 2025 | 28.35% |
| Jun 30, 2025 | 24.53% |
| Mar 31, 2025 | 18.78% |
| Dec 31, 2024 | 9.60% |
| Sep 30, 2024 | 21.18% |
| Jun 30, 2024 | 19.59% |
| Mar 31, 2024 | 8.88% |
| Dec 31, 2023 | 6.81% |
| Sep 30, 2023 | 22.40% |
| Jun 30, 2023 | 12.09% |
| Mar 31, 2023 | -2.53% |
| Dec 31, 2022 | -15.51% |
| Sep 30, 2022 | -1.40% |
| Jun 30, 2022 | -23.57% |
| Mar 31, 2022 | -107.02% |
| Dec 31, 2021 | -133.56% |
| Sep 30, 2021 | -313.53% |
| Jun 30, 2021 | -2,599.83% |